Awards for Excellence 2009: Bahamas
Best Bank: Bank of Bahamas International
An economic slowdown globally has had little impact on Bank of the Bahamas, which has assets of about $800 million, up from about $700 million last year. At its mid-year results at the end of December, the bank reported that it had attracted 5,000 new accounts, opened a branch in Cat Island, and grown its private banking division, showing its strength domestically and in Florida where it recently opened an office.
From June to end of December 2008, the bank had achieved 82% of the total net income of the entire previous financial year. The bank’s total revenue grew by almost 9% to $31.5